About

• North Eastern Development Finance Corporation Ltd (NEDFi) is a Public Limited Company registered under the Companies Act 1956 on 9th August, 1995. 
• The shareholders of the Corporation are IDBI, SBI, LICI, SIDBI, ICICI, IFCI, SUUTI, GIC and its subsidiaries.
• The management of NEDFi has been entrusted upon the Board of Directors comprising representatives from shareholder institutions, DoNER, State Governments and eminent persons from the NE Region and outside having wide experience in industry, economics, finance and management.
• NEDFi provides financial assistance to micro, small, medium and large enterprises for setting up industrial, infrastructure and agri-allied projects in the North Eastern Region of India and also Microfinance through MFI/NGOs. 
• Besides financing, the Corporation offers Consultancy & Advisory services to the state Governments, private sectors and other agencies. 

Why in News?

• North Eastern Development Finance Corporation Ltd (NEDFi) has assisted around 5,338 projects, with total sanctions & disbursements of ₹766.47 crore and ₹547.11 crore respectively, in diverse sectors – education & training food processing, handlooms & handicrafts, healthcare, hotels & tourism, microfinance etc. between 1st January, 2023 – 30th November, 2023.

https://pib.gov.in/PressReleasePage.aspx?PRID=1992113